As a professional athlete, you may earn thousands or millions of dollars each year. While this money provides you with the lifestyle that you currently enjoy, it will be of little use to you in the future if you cannot manage to save most of it.

You may be tempted to spend as much of your income as possible, indulging in luxuries that were off-limits to you prior to your professional athletic career. By using resources like financial advice, wealth management for professional athletes, and investment brokers, you could safeguard much of your current income and have it to rely on later after you retire or are no longer able to play.

Ways to Protect Your Money

Shielding your money from significant loss goes beyond just putting it in a savings account. You also may want to use tactics that involve growing it to even larger sums.

One of the most accessible ways to grow your wealth involves investing it in stocks, bonds, and CDs. These financial tools make your money work for you by compounding the principle and tacking on interest. In a relatively short amount of time, your wealth could double and triple its current value.

You also may want to put some money away specifically for retirement. The retirement account’s funds may be off-limits to you until you reach a certain age. However, it allows you to spend some of your current income responsibly without having to worry about running out before you retire.

While you are saving and investing your money, you also have to think about the tax ramifications of your monetary activities. Depending on how you use your money, you could end up paying taxes on it twice or multiple times.

To spare you from a heavy tax burden, the financial advisers through the company can give you advice on how to divert funds or donate a certain percentage to get a tax write-off. These activities are legal and reduce the amount you pay to the IRS each year.

Learning More

As appealing as these monetary services sound at first glance, you still might want more information about them. You can use the scheduling link at the top of the page to reserve your consultation. This initial meeting is free and gives you the time to ask questions and have concerns addressed at no risk to you or your money.

Would you like to hear some email tips? You have probably seen BCC before many times, and were wondering what this abbreviation stands for. By using BCC, you can send your email to many people without them knowing who the other recipients are. Whereas CC stands for Carbon Copy, BCC is a abbreviation for Blind Carbon Copy. As using CC enables other people to see who else received a message, there are many advantages of using BCC over CC:

• You might not want the others to know what the email addresses of your recipients are. Since we live in a world where many people consider it a full time job to obtain email addresses of others for commercial purposes, it might be a lot safer thing to do.
• For some reason you might not want to reveal to how many people you are sending an email.
• Your recipients might not be happy that you shared their email address with others. They have the right to, and I am sure that they would appreciate that you respect their wishes.
• If you are a company, sending emails using BCC looks more professional, as you should not reveal information about your customers.
Overall, Blind Carbon Copy ensures privacy of your recipients, so in many situations this will be the biggest advantage of using it.

Debt is a reality for most people. Very few of us have the means to pay for all of the things we need to survive outright and in cash. While most people are carrying some sort of debt, some of us are carrying so much debt that we can feel as if we’re drowning under the weight of our financial burdens.

Being free from debt is absolutely a possibility, no matter how hopeless your situation might feel. Here’s how to handle your debts in a smart way that will help you to get on the path to financial freedom.

Prioritize Your Debts

Some debts are more pressing than others. While all debts need to be repaid, some have more pressing deadlines than others. For example, student loans tend to have very long repayment schedules, with many people paying off their student loans well into retirement. Conversely, debts like Bradford County bail bonds tend to have shorter repayment timeframes. You should pay off the debts with the most urgent deadlines first to avoid these debts being sold to third-party collection agencies.

Seek Professional Help

If you are drowning in debt, there are a lot of resources at your disposal. Many cities and counties offer free financial counseling for those in low-income financial situations. These professional debt counselors can provide guidance on what you should do next. Furthermore, bankruptcy attorneys can be great resources. Even if you aren’t planning on filing for bankruptcy, they can inform you of your options and help you to choose the best course of action.

Don’t Ignore Your Debts

Many people find themselves routinely ignoring calls from their lenders and throwing away the bills they receive without even reading them. While this might make you feel better in the short term, you’re only hurting yourself in the long run. Ignoring your debts will never make them go away. Communicate with your lenders, even if you don’t currently have the money you need to pay them back.

Debt can be scary, but it doesn’t have to cripple you. If you take action towards repaying your debts, you’ll feel much better and be well on your way towards being free of these burdensome financial obligations.